Name
AML Track – AML Model Risk Governance: Advancing Explainability and Transparency*
Date & Time
Wednesday, September 15, 2021, 2:15 PM - 3:00 PM
Moderator:
Chuck Subrt
Description

Confronted by mounting challenges and threats from all directions, today’s financial crime compliance leaders are increasingly embracing big data and innovation to uplift AML practices. But without transparency, explainability, and constant vigilance, innovation can fail to deliver on its promise and lead to insufficient, erroneous, and unintended outcomes. AML model risk management cannot be an afterthought. The benefits of doing it right are too enormous, and the risks of doing it incorrectly are too severe. This panel will explore the imperative of AML model risk governance, the considerations to make when building and sustaining robust practices, and the business impact of ethical models. It will uncover the benefits of unlocking the true potential within AML data and technology; driving more actionable intelligence and more informed, risk-based, ethical outcomes; and elevating operational efficiencies.